Tag Archives: History

Liberals and Conservatives – Pt. 2

There’s an old saying:  “The road to Hell is paved with good intentions.”   I used to think that meant that I did not do something that I intended to do and maybe promised someone that I would do.  Then … Continue reading

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The Racial Monument that Probably Should be Demolished

The South after the Civil War had an economic crisis.  The Plantations on which the Black Slaves were employed were pretty much destroyed by the war.  There were probably not enough other jobs to accommodate the population.  The white soldiers … Continue reading

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Secession from the Union of States is Legal?

One of my favorite syndicated columnist is Walter Williams who is a Black Economics Professor at George Mason University.  He apparently wrote a column several weeks ago on the dismantling of Confederate Monuments.  I was not in town to get … Continue reading

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Slavery, Segregation, and Monuments

Today there seems to be some controversy over monuments in the south that remember the Confederate States of America and it’s leaders.  New Orleans recently took down a large monument near the middle of town.  And there have been some … Continue reading

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A Federal Reserve Report says Economists Fail at Forecasting – Really?

Robert J Samuelson had a syndicated column recently reporting on a U.S. Federal Reserve study of the accuracy of Macro-economic forecasting.  The study looked at forecasts of “important economic” indicators such as unemployment, interest rates, gross domestic product and compared … Continue reading

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Unintended Consequences and Positive Results

In the previous post I tried to demonstrate how  unintended consequences on the part of a central government can have negative results.  Unintended consequences can sometimes have positive results.  Adam Smith used the term “invisible hand” in his work on … Continue reading

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It’s a Wonderful Life, the Rationing of Capital, and Economic Recovery

The movie “It’s a Wonderful Life” is shown every year at Christmas and we usually watch it.  This year was no different.  Mr. Bailey of Bailey Savings and loan is shown what life would be like if he hadn’t been … Continue reading

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